Page 7 - Construction Sector

Road to recovery

Hopeful signs in data, but medium-term outlook uncertain

Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.

Infra.market joins unicorn club with funding from Tiger Global, others

Infra.market is a construction materials focused online marketplace

Constructive dialogue: Cairn CEO after meeting finance secy, tax officials

India is preparing to file an appeal against the award at The Hague

L&T arm to build 2 units of Kudankulam Nuclear Power Project

The construction arm of L&T has secured an order in the range of Rs 1,000-2,500 crore to construct the Main Plant Civil Works of the Kudankulam 5 and 6 units.

Month-on-month revenue since October better than FY20: L&T IDPL's Pathak

The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak

Delhi to launch campaign for registration of construction workers

The Delhi government will launch a month-long campaign from Monday for registration of construction workers with Building and Other Construction Workers Welfare Board

Power Mech Projects secures four orders worth Rs 1,068 crore

Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore. The company has received the Letters of Award for the works worth Rs 1,068.36 crore, a regulatory filing said. The first two orders are worth Rs 449 crore each and are regarding water supply pipeline construction from the State Water & Sanitation Mission, Government of Uttar Pradesh. It has also got an order of Rs 100.36 crore for Operation and Maintenance Works from Prayagyraj Power Generation Company Ltd, in Bara, Uttar Pradesh. Another order worth Rs 70 crore is for the operation of Wagon Trippler and Truck Tripplers for Tata Steel Bhushan Steel Ltd in Angul, Odisha.

DLF, Sobha: A good time to buy real estate and related stocks, say analysts

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing

Will take up to a year before pvt sector opens purse to capex: L&T chief

The firm's MD & CEO, S N Subrahmanyan, says L&T has reached pre-covid levels and aims to become debt free

Govt considers easing rules to attract FDI in construction sector: Report

Existing rules include a three year lock-in period before exiting

Top headlines: Farmers breach Red Fort; UN warns about Indian economy

Business Standard brings you top news of the evening

Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

Brookfield to push ahead with $513 mn India REIT IPO by 2020-end: Report

Brookfield plans to continue gauging investor demand for three more weeks before proceeding with a retail offer, the person said

Steel maker Micky Metals holds back expansion project over high power cost

Micky Metals is holding back an expansion plan at its steel making plant in Bengal's in Birbhum district as "high power tariff" of the state-run electricity discom is making the project "unviable"

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

Strong rural demand cushions volume weakness for Supreme Industries

Expanding distribution reach, value added products to help revenues, margins

Make way for 'enertainers': Gensets at construction sites may be going out

While construction cranes have always run on electricity, they have tended to use diesel generators because the massive bursts of power needed would drain local grids and risk blackouts

Debt recast at real estate project level to revive sector: Experts

Developers revive stalled projects faster, but someone will have to take a haircut, say industry players

New orders and execution likely to remain subdued in Q2, say analysts

Some pin hopes on the NIP even as awards for FY21 and year after look bleak